Macronix International saw its November 2010 revenues fall 18.4% sequentially and 31.4% on year to NT$1.693 billion (US$56.234 million). Revenues from January through November totaled NT$25.821 billion, down 31.4% from a year earlier.
In its October investors meeting, Macronix had indicated that the fourth quarter will be the low point of the year as its two main product lines, ROM and NOR flash, enter the off season.
With major ROM client Nintendo adjusting orders as it prepares to launch the 3DS in the first quarter of 2011, Macronix saw sales to the client decline substantially in the fourth quarter.
For NOR flash, with clients looking to digest inventory in the fourth quarter, and supply no longer tight, Macronix had previously projected a 10-20% drop in price.
Judging from Macronix's October and November sales of NT$3.768 billion, analysts are predicting December revenues of NT$1.6-1.7 billion, which means fourth-quarter revenues will be under the company's forecast of NT$5.5-6 billion.
However, Macronix will remain profitable in the fourth quarter, and full-year profits will exceed NT$8 billion.